The thought of purchasing property anywhere in the world right now might raise a few eyebrows. Aren’t the markets doing poorly? Isn’t the world economy slipping? While that may be true many reputable sources agree that investing real estate in Belize makes sense. Why?
- Property prices in Belize are still on the rise. Base prices are affordable, meaning there is still room for more growth.
- According to the Boston Globe, Belize is easier for property investors and buyers than popular hot spots such as Panama and Costa Rica, due to the transparent buying process and English language use.
- No restrictions are placed on foreign property purchasers in Belize.
- Owners of real estate pay no capital gains or estate taxes, and property taxes are low.
- Rental income is only taxed at 1.75% of gross receipts, and with Belize’s popularity increasing and tourism on the rise, rental yields are on the up and up.
- A slow and steady rise in the property market reflects a stable market that is taking advantage of an increasing demand, and one that is not going to taper off any time soon.
Belize is a beautiful historically and culturally rich country with a good standard of living and a low cost of living, creating the perfect atmosphere for real estate investment.Visit the Century 21 Belize web-site for help in discovering some of Belize’s best property potential.
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